From PPI Progress Report <[email protected]>
Subject Congress Passes the Stimulus
Date March 27, 2020 7:22 PM
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Washington is finally responding with force to the coronavirus outbreak. This week, Congress agreed to the largest economic relief package in U.S. history to support families and businesses whose finances have been devastated by the crisis. Friday, March 27, 2020 Contact: Carter Christensen, [email protected] America Is On Track For A $4 Trillion Deficit In 2020. Should It Matter? by Ben Ritz, Director of the Center for Funding America's Future These measures and more are essential for supporting public health efforts to contain the virus and preventing long-term damage to the American economy. But how much will they cost? Although price tags shouldn’t prevent policymakers and their constituents from taking any action necessary to combat the worst pandemic of our lifetimes, they can help prepare everyone for the hard choices we will have to face when this crisis is over. READ MORE Blog: What’s Next: Breathtaking Deflation, Stunning Inflation or Both? by Michael Mandel, Chief Economic Strategist We must make it clear that innovation and new ideas are encouraged, even risky ones. Legitimate researchers with new tests and new solutions should be encouraged. And unnecessary regulatory barriers that slow down drug and vaccine development should be temporarily thrust aside. This is not a time for business as usual. READ MORE Finally, It’s the Right Time for Infrastructure Week by Jason Gold, Managing Director As Congress passes its historic multi-trillion spending package, people across the country, as well as investors in our beleaguered financial markets, will breathe a sigh of relief. But the truth is, this “Phase 3” response to the pandemic-induced economic shutdown may just be the beginning of what we need to avert a savage recession or even depression. READ MORE What’s In The Record-Breaking $2 Trillion Stimulus Package? by Ben Ritz, Director of the Center for Funding America's Future After several days of negotiations, the U.S. Senate is voting tonight on a third bill to combat the coronavirus crisis. Whereas the first two bills focused on funding medical research and providing economic support to victims of the virus, the “Phase 3” stimulus bill is a massive rescue package for the broader American economy. READ MORE ICYMI: Timeline: The Regulations—and Regulators—That Delayed Coronavirus Testing by Alec Stapp, Director of Technology Policy A distributed approach would be much more resilient to the inevitable mistakes and accidents inherent to pandemic response. Instead, in this crisis, the FDA bet big on a single testing protocol from the CDC and burned its ships. And when the “perfect” test failed spectacularly, everyone was left wishing for a way to retreat. READ MORE Blog: Corporate Citizens in a Time of Crisis by Curtis Valentine, Deputy Director of the Reinventing America's Schools Project For parents struggling with the uncertainty of employment while also dealing with a global pandemic, paying for an internet connection may be the last thing on their minds. But with the closure of nearly every public and private school in America, many school systems are relying on the internet to make sure their students can keep learning. READ MORE Why Klobuchar should be Biden’s vice presidential pick by Paul Bledsoe, Strategic Adviser Biden’s bombshell pronouncement in the debate that he will choose a woman as running mate, while unprecedented, is less surprising than it may initially look — given the pressure he was under to pick a woman. READ MORE Winning where it matters: Joe Biden’s task in the fall campaign by Will Marshall, PPI President Sen. Bernie Sanders has signaled his imminent departure from the nomination contest. His sooner-than-expected exit frees presumptive nominee Joe Biden to fire up his general election campaign to defeat President Trump in November. READ MORE AVAILABLE ON ALL MAJOR PODCAST PROVIDERS APPLE PODCASTS • STITCHER • PATREON The Progressive Policy Institute is a catalyst for policy innovation and political reform based in Washington, D.C. Its mission is to create radically pragmatic ideas for moving America beyond ideological and partisan deadlock. Join us on Facebook or Twitter on the road to November 2020. ‌ ‌ ‌ ‌ Progressive Policy Institute | 1200 New Hampshire Ave. NW, Suite 575, Washington, DC 20036 Unsubscribe [email protected] Update Profile | About Constant Contact Sent by [email protected] in collaboration with Try email marketing for free today!
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